US Laws, Codes, Statutes & Cases

53-20-7. Issuance of certificate of authority.

A.     If the public regulation commission finds that the application for a certificate of authority meets the requirements of the Foreign Business Trust Registration Act [ 53-20-1 to 53-20-17 NMSA 1978] and the requisite fees have been paid, it shall:   

(1)     endorse on the original the word "filed" and the month, day and year of the filing;   

(2)     file in its office the original of the application; and   

(3)     issue a certificate of authority to transact business in this state to which it shall affix a copy of the application.   

B.     The certificate of authority, together with a copy of the application affixed to it, shall be returned by the public regulation commission to the business trust or its representative.